1. Student Financial Support Project AMS Presentation January 23, 2013

2. Student Financial Support Project Agenda High level project overview: goals, objectives, scope Stakeholders Benefits: students, administration Project Timelines What’s the bottom line Next steps Questions

3. Student Financial Support Project Goal: Ensure outstanding students who are financially challenged can attend UBC by: Simplifying processes Offering awards earlier Offering comprehensive financial package Recognizing cost of living in Vancouver and Kelowna Recognizing funding is a shared responsibility between parents and students

4. Consolidated Financial Package for New Students Consolidated Admission Application Personal ProfileBBA MES/Other Awards Financial Profile Decision making process Entrance Awards Student Financial Support Package Bursary

5. Consolidated Financial Package for All Continuing Students Undergraduate and graduate students apply directly on the SISC Continuing students Decision making tools/adjudication 15W Applies in May on SISC using financial profile Bursary adjudicated

6. University and External Awards/Scholarships and Bursaries Undergraduate and graduate Domestic and international Both campuses School/Faculty based awards will have access to new tool Loans Canada Student Loans & US Student Loans UBC Loans Student Financial Support Project Project Scope

7. Student Financial Support Project Timeline Feasibility study completed December 2012 Budget approved December 2012 Request for Proposals (RFP)January 15 2013 Vendor demos on campus February 26,27,28, 2013 Vendor selection March 2013 Vendor team on campus to begin design May 2013 Project completionMarch 2015

8. Student Financial Support Project Stakeholders AMS GSS Enrolment Services VP, Students Science Arts LFS Kinesiology Sauder Forestry ApSc ISI Development FoGs (UBCV) College of Graduate Studies (UBCO) Athletics UBCO

9. 1.Comprehensive financial package: earlier, complete, budgeting tools 2.Transparency in the process = better understanding for students 3.Ensure need based funding goes to the students with greatest need: access to funding, UBC experience (Place and Promise) 4.Introduce yearly cost of living review Student Financial Support Project Key Benefits for Students

10. Student Financial Support Project Benefits for Administration 1.Streamlined operation 2.Mitigated financial risk 3.Balanced budget 4.Transparent process 5.Enhanced student experience: Place and Promise

11. Student Financial Support Project What's the bottom line? 1.Can every student apply for financial support whether or not they have a student loan? YES 2.Will every student who applies receive funding? NO Awards will be based on need determined by responses on Financial Profile and verification of documentation

12. Student Financial Support Project What's the bottom line? 3. What happens to students currently receiving funding? Awards will be based on need determined by responses on Financial Profile and verification of documentation 4.What if I have significant financial issues partway through the year? There will always be funding to assist those students whose circumstances change!

13. Student Financial Support Project Thank you! Comments: barbara.crocker@ubc.cabarbara.crocker@ubc.ca Questions?